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Credit-rating agency Fitch Ratings said in a new report that it does not expect FASBs recent amendments to off-balance-sheet accounting standards to result in negative rating actions, but it believes there will be challenges for issuers and analysts in transitioning to the new standards.
June 23 -
Nine trade groups representing the financial, insurance, banking, real estate and other industries have united to create a coalition with the goal of influencing accounting standard-setters who are working on revising the rules for financial instruments.
June 22 -
New Yorks new accountancy reform law, which goes into effect July 26, 2009, broadens the definition of the scope of practice of public accountancy to include all professional services provided by a CPA.
June 22 -
A new study of accounting-related fraud in Western Europe has found substantial differences in the approach taken to International Financial Reporting Standards by different countries and companies.
June 19 -
A jury in Miami has found BDO International not liable for failing to uncover fraud in audits conducted by its U.S. member firm, BDO Seidman.
June 18 -
IMGCAP(1)]Samuel A. DiPiazza, Jr., has some thoughts to share about the accounting profession, his firm and the state of the economy, before his retirement, after having served as CEO of PricewaterhouseCoopers International Limited since 2002.
June 18 -
The Ohio Society of CPAs has launched a free online job-listing service to connect businesses with contract CPAs during the recession.
June 17 -
The Financial Accounting Standards Board plans to provide two different views of its new online FASB Accounting Standards Codification when it launches July 1.
June 17 -
Ernst & Young has agreed to a record-setting $109 million nationwide settlement for failing to uncover the financial problems at health care giant HealthSouth.
June 17 -
IMGCAP(1)] Dont pretend that your practices Web site is a minor obligation to be thrown together and slapped up on the Internet never to be dealt with again. As the populous becomes increasingly Internet savvy, so too does the accounting profession. Proper Web site design does not require a lot of money, but it does require smart construction. Here are some things to keep in mind:
June 15
